The cheapest Android phone can sufficiently operate a Bitcoin wallet, as long as it has a camera. Apple Pay will be on the newest devices only and which third world bum has a credit card (compared to each first world bum ).

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The cheapest Android phone can sufficiently operate a Bitcoin wallet, as long as it has a camera. Apple Pay will be on the newest devices only and which third world bum has a credit card (compared to each first world bum ).

the best chance ApplePay has is in the US as it controls 40% of smartphones sold here. but you're right, worldwide, Bitcoin + Android should still win. and, as Apple continues to arguably lose US marketshare to Android, Bitcoin + Android should win here too long term as the fees involved with cc tx's hasn't changed. in fact, in Oct 2015, liability for stolen cc's presented and accepted at merchant stores shifts to the merchant away from the banks and payment processors.

“The state’s entire court system has been compromised,” says Matt Weidner, an outspoken foreclosure defense lawyer who practices in Tampa and St. Petersburg and blogs about the system. “They’re stripping away private property rights and transferring billions of dollars in assets from individuals to large entities.

What began as an effort by the Florida Legislature and judicial leaders to help the state’s economy by moving properties out of foreclosure and back into the market has turned into a Kafkaesque nightmare for people struggling to hang on to their homes.”

The Apple ecosystem is a closed system that does a tremendous job at retaining customers but leaves it vulnerable to the innovation of open source projects. This is a flaw that Google's Android has exploited brilliantly and profitably. In addition, Apple's plan to layer another fee on top of an already expensive payment network is an opportunity for digital currencies. Offering a product that is open source and virtually free is how Android became the top mobile operating system in the world. Digital currencies should borrow from Google's playbook in order to compete with Apple.

The open-source nature of digital currencies gives them a major competitive edge as the best technology can be immediately integrated without the need to navigate a corporate culture. This gives digital currencies a first mover advantage as consumers begin to embrace a digital payment network. Android was able to gain market share by offering apps that Apple had yet to approve and therefore opened itself to the early adoption of game changing tech.

Yesterday, we looked at why bankers weren't busted for crimes committed during the financial crisis. Political corruption, prosecutorial malfeasance, rewritten legislation and cowardice on the part of government officials were among the many reasons.

But I saved the biggest reason so many financial felons escaped justice for today: They dumped the cost of their criminal activities on you, the shareholder (never mind the taxpayer).

I wish people would adopt this terminology because "bubble" now is even used by the people that don't believe one of the peaks in the growth represents a large overvaluation (which is the meaning of the word bubble).

Precisely my point: If falllling or other trolls talk about bubbles, I don't really mind. But it became the de facto standard term even by long-term supporters of Bitcoin, which is odd in my opinion, and maybe it's my Asperger's gland* acting up, but I don't like the abuse of the word 'bubble' that way.

* Yes, I know. Doesn't exist.

Not sure which Bitcoin wallet to use? I can highly recommend Electrum.Electrum is an open-source lightweight client: user friendly, extremely fast, and one of the safest ways to store and use your bitcoins.Executables are available on the Electrum homepage, so you can get a Bitcoin wallet up and running on your own computer in a few minutes.

I wish people would adopt this terminology because "bubble" now is even used by the people that don't believe one of the peaks in the growth represents a large overvaluation (which is the meaning of the word bubble).

Precisely my point: If falllling or other trolls talk about bubbles, I don't really mind. But it became the de facto standard term even by long-term supporters of Bitcoin, which is odd in my opinion, and maybe it's my Asperger's gland* acting up, but I don't like the abuse of the word 'bubble' that way.

I've always tried to refer to them as 'run-ups'. I suspect that most of them since have been fairly carefully managed which would be quite possible in such an unusual market by my estimation. I'm actually pinning my hopes on future manipulation by large players and insiders and have for some time. That will be the most likely way to capitalize most effectively going forward. Generally speaking, people in a position to play at this level have time and patience on their side. I try to take a years-long perspective in my operations for this reason. I consider massive manipulation and control to be a characteristic of a 'free market', and Bitcoin is probably the single most free market of any significance in recent memory. In terms of size and importance it is right in a nice 'sweet spot' to make manipulations both practicable and highly lucrative.

I've always tried to refer to them as 'run-ups'. I suspect that most of them since have been fairly carefully managed which would be quite possible in such an unusual market by my estimation. I'm actually pinning my hopes on future manipulation by large players and insiders and have for some time. That will be the most likely way to capitalize most effectively going forward. Generally speaking, people in a position to play at this level have time and patience on their side. I try to take a years-long perspective in my operations for this reason. I consider massive manipulation and control to be a characteristic of a 'free market', and Bitcoin is probably the single most free market of any significance in recent memory. In terms of size and importance it is right in a nice 'sweet spot' to make manipulations both practicable and highly lucrative.

i agree with this too. the last couple of months trading have looked extremely suspicious to me both on Stamp and Finex. it looks like a coordinated manipulation downwards of price.

they can't do this long term however as there are only so many coins to be bought and borrowed to short. the solution to this is widespread, numerous international exchanges in geopolitically diverse jurisdictions to prevent naked shorting like China (we have that fortunately already), Russia (BTC-e?), Asia (Singapore/Thailand), and the US. as with mining, we need exchange decentralization.

No. I could be wrong, but Bitcoin is harder to use than other forms of electronic payment, and lacks any fundamental source of value (unlike dollars, which can be used to pay taxes). It’s possible that Bitcoin will somehow become self-supporting, but for now my guess is that it’s largely a fad that will collapse one of these days.

one of Erdogan's criteria for deflation is decreasing commodity prices. here you go. oil about to break major support:

About early signs of a deflation:

"The first proposition is that the prices of gold and other raw commodities areextremely sensitive to changes in monetary conditions and are therefore good predic-tors of future movements of general consumer goods’ prices, which tend to respondmuch more slowly to such changes. As Bruce Bartlett (2001) wrote, “When one seesa sustained fall in sensitive commodity prices—those that lead changes in the generalprice level—one can predict that eventually this trend will work its way through theeconomy as a whole.”"

Deflation is generally benign, except a form called "confiscatory deflation";

"There does exist an emphatically malign form of deflation that is coer-cively imposed by governments and their central banks and that violates propertyrights, distorts monetary calculation and undermines monetary exchange. It mayeven catapult an economy back to a primitive state of barter if applied long and relent-lessly enough. This form of deflation involves an outright confiscation of people’scash balances by the political and bureaucratic elites."

These are excempts from an article on deflation by Salorno, who is an excellent writer. The article:

AN AUSTRIAN TAXONOMY OF DEFLATION—WITHAPPLICATIONS TO THE U.S.JOSEPH T. SALERNOTHE QUARTERLY JOURNAL OF AUSTRIAN ECONOMICS

In the article a recent episode in Argentina is described, historically interessant, you can even hear about real barter with grain (cars for grain), and the resulting hoarding of grain as money, envisioned by Adam Smith (near the end of the article).

The cheapest Android phone can sufficiently operate a Bitcoin wallet, as long as it has a camera. Apple Pay will be on the newest devices only and which third world bum has a credit card (compared to each first world bum ).

the best chance ApplePay has is in the US as it controls 40% of smartphones sold here. but you're right, worldwide, Bitcoin + Android should still win. and, as Apple continues to arguably lose US marketshare to Android, Bitcoin + Android should win here too long term as the fees involved with cc tx's hasn't changed. in fact, in Oct 2015, liability for stolen cc's presented and accepted at merchant stores shifts to the merchant away from the banks and payment processors.

I don't like viewing bitcoin as primarily a payments-tech product. I feel the conversation has shifted largely to how bitcoin excels at executing online payments, which is true, and which I've myself pointed out to skeptics for a long time. The reality, though, is that the core proposition is control of your own money, an open ecosystem, and a mathematically known money supply (as we all appreciate). It just so happens that bitcoin is currently superior to virtually all payment networks as well, but that probably won't be the case forever. Legacy payments will probably get much better (more secure, faster, cheaper) over time, and then it should be clear that bitcoin's real distinction lies in the monetary characteristics. Perhaps ApplePay will re-shift the conversation.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.Best info on Casascius coins: http://spotcoins.com/casascius

No. I could be wrong, but Bitcoin is harder to use than other forms of electronic payment, and lacks any fundamental source of value (unlike dollars, which can be used to pay taxes). It’s possible that Bitcoin will somehow become self-supporting, but for now my guess is that it’s largely a fad that will collapse one of these days.

Heh... Funny how bitcoin has put the likes of Peter Schiff and Paul Krugman into the same gotta-hedge-my-statements corner.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.Best info on Casascius coins: http://spotcoins.com/casascius